August 05, 2014, 9:25PM

The St. Bernard Parish Council on Tuesday evening (Aug. 5) approved a resolution allowing the parish hospital to bond out $7.8 million. The hospital board has stated that the bonds would have no more than an 8-percent annual interest and that they would mature no later than 10 years from the date of their issuance. The move comes after parish... Full story »

August 05, 2014, 6:55AM

Follow live coverage here during the St. Bernard Parish Council on Tuesday evening (Aug. 5). The meeting is scheduled for 7 p.m. The Parish Council in part is set to vote on a resolution allowing the parish hospital to bond out $7.8 million. The hospital board has stated that the bonds would have no more than 8 percent annual... Full story »

April 17, 2014, 3:46PM

Gov. Bobby Jindal's plan to use $210 million in surplus and one-time money to help balance next year's budget received the backing Thursday of the State Bond Commission, support that was needed for the maneuver to work. The plan uses dollars that are limited in how they can be spent to pay off debt early. The pre-payment tactic frees... Full story »

February 20, 2014, 4:49PM

Short on revenue to keep his proposed state budget in balance, Gov. Bobby Jindal wants to borrow $50 million from the New Orleans Ernest N. Morial Convention Center to help pay for the Department of Health and Hospitals and higher education next fiscal year. The idea isn't a new one, with Jindal previously drawing on convention center funds to fill... Full story »

February 11, 2014, 12:06PM

Louisiana borrowed nearly $500 million Tuesday to refill the fund that pays for state-backed construction projects, getting the money through two general obligation bond sales. The state sold $347 million in tax-exempt bonds and $149 million in taxable bonds to investors for upfront cash. The bids were accepted without objection by the State Bond Commission. The debt will be... Full story »

February 11, 2014, 8:32AM

Louisiana is getting ready to borrow nearly $500 million to replenish the fund that pays for state-backed construction projects. The bond sales will be held Tuesday, with the results needing approval from the State Bond Commission before the borrowing deals are complete. The plan involves selling $347 million in tax-exempt bonds and $149 million in taxable bonds to investors... Full story »

October 17, 2013, 1:45PM

Gov. Bobby Jindal's administration reworked the state's construction budget Thursday, pulling money from ongoing projects and redirecting it to help pay for $105 million in new projects to start this year. The Bond Commission agreed to the reshuffling -- but only after Treasurer John Kennedy, chairman of the panel, blasted the approach as not setting priorities for spending the... Full story »

September 19, 2013, 5:06PM

Baton Rouge voters will decide on Nov. 16 whether to approve more than $13 million in bonds to improve facilities at Central High. The election ballot also features property tax proposals for two special neighborhood crime districts in Sherwood Forest and Park Forest subdivisions. Voters living in the Central Community School System will decide on whether to approve the... Full story »

September 19, 2013, 2:54PM

Voters in the eastern New Orleans subdivision of Eastover will decide on Nov. 16 whether to create their own special security district, with a $1,652-per-homeowner fee, after the State Bond Commission rubber-stamped the election Thursday. But it did not come without controversy. The fee, if approved, would be added to each homeowner's property taxes and would go to beautification,... Full story »

July 18, 2013, 5:54PM

The State Bond Commission on Thursday approved the sale of $14 million in bonds to fund an historic warehouse project at NOCCA, the New Orleans Center for the Creative Arts. The up-front cash generated by the sale will pay for the design, renovation and reconstruction of the warehouse for use by the art conservatory. The total cost of the... Full story »

July 18, 2013, 8:16AM

As the peak of hurricane season approaches, the governing board for Louisiana's property insurer of last resort agreed Wednesday to boost its bank line of credit, to give the company enough money to cover costs in case of a storm. The Louisiana Citizens Property Insurance Corp. backed the plan without objection to increase its line of credit with Regions Bank... Full story »

June 27, 2013, 8:07AM

Gov. Bobby Jindal has signed next year's construction budget without stripping any projects with his line-item veto. The governor didn't need to remove anything he doesn't like because his office will have decision-making power over which new projects advance in the 2013-14 fiscal year that begins July 1. The nearly $5 billion construction budget will continue work on ongoing... Full story »

June 26, 2013, 6:22PM

Anticipated savings from a major refinancing of Louisiana's tobacco settlement bonds could be half of original estimates, state officials confirmed Wednesday. But, Gov. Bobby Jindal's administration said they will not delay the move, which they still estimate to yield at least $75 million in savings. "This is a classic example of why you shouldn't balance the budget with smoke and... Full story »

June 20, 2013, 6:15PM

The State Bond Commission on Thursday approved Oct. 19 ballot measures asking Jefferson Parish voters to reconsider property taxes for water, sewerage and schools that were rejected in May Full story »

May 22, 2013, 2:42PM

Louisiana's technical and community colleges are one step closer to getting an additional $251 million for construction projects, after lawmakers approved a bond bill Wednesday. The approval came over the objections of some legislators and the state treasurer who said the bill would bust the state's $605 million debt ceiling. Senate Bill 204, sponsored by Benton Republican Robert Adley, would... Full story »

May 14, 2013, 8:00PM

Jefferson Parish Council members meet Wednesday to decide whether to ask voters this fall to extend sewerage and water taxes, releasing a list of nearly 50 sewerage and water projects that would be delayed without the taxes Full story »

April 18, 2013, 10:31AM

The State Bond Commission signed off on Kenner's plan to borrow $47 million to refinance old debt and spruce up key areas of the city Thursday morning. The commission approved the proposal unanimously, over the objections raised by members of Citizens for a Better Kenner, who asked the commission to delay or reject the bond issue due to procedural... Full story »

April 16, 2013, 10:30AM

Kenner Mayor Mike Yenni and other city officials are set to participate in a town hall meeting Tuesday night to field residents questions on Yenni's $47 million plan to refinance old debt and pay for beautification and infrastructure projects Full story »

April 12, 2013, 1:27PM

A feisty Kenner Mayor Mike Yenni offered a pep talk Friday to a friendly crowd of advisers who drafted his $47 million plan for refinancing municipal debt and improving 10 traffic corridors around town. He spoke to his 41-member economic development committee in advance of three public meetings next week. Acknowledging some dissent in the audience at a community... Full story »